AustralianSuper, Australia’s largest superannuation fund, and Oxford Properties Group have formed a new strategic partnership that aims to build a significant industrial and logistics venture across Europe, which will be managed by M7 Real Estate.
AustralianSuper has acquired a 50 percent stake in Oxford’s €840 million ($857 million) European industrial and logistics portfolio and in M7 Real Estate, the market-leading European investment and asset management business that was acquired by Oxford in 2021.
The joint venture is the first between AustralianSuper and Oxford and brings together two like-minded global institutional investors managing a combined €270 billion ($276 billion) of long-term capital on behalf of more than 4 million pension fund members.
The partnership will provide further capital to fund the growth of the portfolio, known as the European Supply Chain Income Partnership (ESCIP), with a target of up to €4.5 billion ($4.59 billion) g
